Which of the following statements about the U.S.national debt is not correct?
A)The primary economic costs of the debt are being passed on to future generations.
B)The primary burden of the debt is incurred when the deficit-financed activity takes place.
C)The national debt represents both a liability and asset to future generations.
D)Future generations will bear some of the debt burden when crowding out occurs.

Question

Quizplus · Accepted Answer

The primary economic costs of the debt are not solely passed on to future generations; they are also incurred in the present when resources are used for deficit-financed activities, affecting current economic conditions.

Which of the Following Statements About the U